Aveo Capital Partners LLC Has $283,000 Stock Position in Emerson Electric Co. (NYSE:EMR)

Aveo Capital Partners LLC reduced its stake in Emerson Electric Co. (NYSE:EMRFree Report) by 11.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,909 shares of the industrial products company’s stock after selling 387 shares during the quarter. Aveo Capital Partners LLC’s holdings in Emerson Electric were worth $283,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Adage Capital Partners GP L.L.C. increased its holdings in shares of Emerson Electric by 255.5% during the third quarter. Adage Capital Partners GP L.L.C. now owns 2,803,881 shares of the industrial products company’s stock valued at $270,771,000 after acquiring an additional 2,015,232 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Emerson Electric by 26.5% during the fourth quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock valued at $723,873,000 after acquiring an additional 1,558,903 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of Emerson Electric by 211.7% during the third quarter. Schroder Investment Management Group now owns 2,003,099 shares of the industrial products company’s stock valued at $193,439,000 after acquiring an additional 1,360,477 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Emerson Electric by 16.9% during the third quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock valued at $791,858,000 after acquiring an additional 1,184,202 shares in the last quarter. Finally, Morgan Stanley grew its holdings in Emerson Electric by 7.9% during the third quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock worth $1,327,876,000 after buying an additional 1,008,294 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EMR. Royal Bank of Canada boosted their price objective on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. KeyCorp upped their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. UBS Group upped their price target on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Citigroup upped their price target on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, Barclays upped their price target on Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. Four research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $120.56.

Check Out Our Latest Stock Report on EMR

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $112.16 on Monday. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $64.17 billion, a PE ratio of 6.00, a price-to-earnings-growth ratio of 1.87 and a beta of 1.36. The business’s 50-day moving average price is $111.82 and its 200-day moving average price is $103.10. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $116.76.

Emerson Electric (NYSE:EMRGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.25 by $0.11. The firm had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.29 billion. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The company’s revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.09 EPS. Sell-side analysts forecast that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.87%. The ex-dividend date is Thursday, May 16th. Emerson Electric’s dividend payout ratio is presently 11.24%.

Emerson Electric Profile

(Free Report)

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.

Further Reading

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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